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An impact evaluation of investment in infrastructure: The case of the railway connection in Uzbekistan

Yoshino, Naoyuki; Abidhadjaev, Umid - 2015

The objective of this paper is to examine the nature and magnitude of the effects of infrastructure provision on regional economic performance. The empirical evidence of our analysis is based on difference-in-difference estimation linking the changes in the growth rate of regional-level economic...

Persistent link: https://www.econbiz.de/10011526670

The "highway effect" on public finance: Case of the STAR highway in the Philippines

Yoshino, Naoyuki; Pontines, Victor - 2015

In this study, we examine the impact of the STAR highway located in Batangas province, Philippines, on the public finance of the cities and municipalities through which it directly passes. Specifically, we exploit a unique, disaggregated dataset on tax (property and business taxes) as well as...

Persistent link: https://www.econbiz.de/10011526671

Synergy and co-agglomeration of producer services and manufacturing : a panel data analysis of Chinese cities

Ke, Shanzi; Ming He; Yuan, Chenhua - In: Regional studies 48 (2014) 11, pp. 1829-1841

Persistent link: https://www.econbiz.de/10010433360

The Fiscal Risk of Local Government Revenue in the People's Republic of China

Ziying, Fan - 2016

Since the Tax Sharing Reform in 1994, the local government revenue of the People's Republic of China (PRC) has faced downward risk problems. This paper reviews the fiscal and taxation reforms in the central and local governments of the PRC and focuses on evaluating the effectiveness of fiscal...

Persistent link: https://www.econbiz.de/10012994033

Infrastructure and Urbanization in the People's Republic of China

Li, Zhigang - 2017

The recent experience of infrastructure investment in the People's Republic of China (PRC) suggests an intertwined relationship between investment, urbanization, and economic growth. In one mechanism, urbanization generates demand for infrastructure investment, which then drives economic growth...

Persistent link: https://www.econbiz.de/10012965580

Fiscal Policy Coordination in Asia : East Asian Infrastructure Investment Fund

Abidin, Mahani Zainal - 2010

East Asian countries were seriously affected by the 2008 global crisis through a steep fall in exports. This experience exposed the vulnerability of the East Asian growth model and emphasized the importance of generating regional growth by expanding domestic demand and enlarging intra-regional...

Persistent link: https://www.econbiz.de/10014192737

Central Government's Infrastructure Investment across Chinese Regions: A Dynamic Spatial Panel Data Approach

Zheng, Xinye; Li, Fanghua; Song, Shunfeng; Yu, Yihua - Volkswirtschaftliche Fakultät, … - 2013

This study employs spatial panel techniques to examine determinants of regional allocation of infrastructure investment made by the central government. Using a sample of 31 Chinese provinces over the 2001-2008 period, we derived four major empirical findings. First, there exist substantial...

Persistent link: https://www.econbiz.de/10011113521

Agency Conflicts, Expropriation and Firm Value: Evidence from Securities-Market Regulation in China

Henk, Berkman; Rebel, Cole; Fu, Lawrence - Volkswirtschaftliche Fakultät, … - 2005

In this study, we examine the wealth effects of regulatory changes intended to improve corporate governance by protecting minority shareholders from expropriation by controlling shareholders. Using data from publicly traded Chinese firms, we find that these new regulations significantly...

Persistent link: https://www.econbiz.de/10011260290

China's Regional Convergence in Panels with Multiple Structural Breaks

Matsuki, Takashi; Usami, Ryoichi - Volkswirtschaftliche Fakultät, … - 2007

This study investigates the existence of regional convergence of per capita outputs in China from 1952 …’s provincial real per capita outputs to examine the regional convergence in China. To obtain the p-values of unit root tests for … Carlo simulation. The results obtained from this study reveal that the convergence of the provincial per capita outputs …

Persistent link: https://www.econbiz.de/10005621418

Political connections and minority-shareholder protection: Evidence from securities-market regulation in China

Berkman, Henk; Cole, Rebel; Fu, Lawrence - Volkswirtschaftliche Fakultät, … - 2008

We examine the wealth effects of three regulatory changes designed to improve minorityshareholder protection in the Chinese stock markets. Using the value of a firm’s related-party transactions as an inverse proxy for the quality of corporate governance, we find that firms with weaker...

Persistent link: https://www.econbiz.de/10005622187